J.T.Marlin
Short

Revision on previous entry idea.

FX:USDJPY   U.S. Dollar/Japanese Yen
7 days ago
Potential reversal --- clear break of the 112.50 in the next 4-8 hours would warrant a short into 110.30 area, further into 109-110 (TP1, TP2). Could see consolidation or further drive down based on the velocity of the move up, but that should be saved for another analysis (TP3).

Shallow stops (around early 113s) as current trend ignores many oversold indicators like RSI .
4 days ago
Trade active: Entered Sunday night NY Time @ 112.90 based on downward window. SL 113.30, TP1 110.30, TP2 109.50, TP3 108.50
J.T.Marlin
7 days ago
to clarify, if it cannot break in the next 1-2 candle, the short entry fails as there is risk of another rocket launch above into 114-116 territory.
Reply
J.T.Marlin
7 days ago
no entry. (pullback on monday still possible, but no clear signal for a confident entry)
Reply
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